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Read more about the article Purchasing Power Parity

Purchasing Power Parity

  • Post author:Abhishek
  • Post published:June 9, 2016
  • Post category:Personal Finance
  • Post comments:3 Comments

Often, sitting in India, we wonder how cheap things are in the US or vice versa. Let me give an example. Iphone SE base model costs only $499 in US (source: Amazon ). It costs Rs. 36,000 in India (source: Amazon ). I used to think, you just need $500 to buy an Iphone in US, why does it cost so much in India?

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